Egypt - Aldau Hospitality B.V. - Aldau GEM Hotel Project - Absence-of-Objection Approval (June 26, 2026)

Jul 19, 2026

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Board of Directors approved, on June 26, 2026, an investment in Egypt by Aldau Hospitality B.V. for the Aldau GEM Hotel Project, based on an absence-of-objection procedure. The approval references IFC/R2026-0227 dated June 15, 2026 and includes an A Loan of up to US$100 million for IFC’s own account. Although the decision proceeded without objection, Lailee Jane Moghtader requested to be recorded as objecting.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Approval Summary

Investment Details

Loan Terms and References

Objection Record

FAQs

What investment was approved on June 26, 2026?

An investment in Egypt by Aldau Hospitality B.V. for the Aldau GEM Hotel Project.

What are the loan terms included in the approval?

The approval includes an A Loan of up to US$100 million for IFC’s own account.

What was the objection status under the absence-of-objection basis?

The item was approved on an absence-of-objection basis, while Lailee Jane Moghtader requested to be recorded as objecting.

Jul 19, 2026

Upload by Violet